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Regulators are starting to lean in on ML rules and requirements. They can't hire data science experts to keep up with competitive demand and salaries, so they a
by watchyourML 6y ago
Regulators are starting to lean in on ML rules and requirements. They can't hire data science experts to keep up with competitive demand and salaries, so they are going to require companies to make their ML-based outcomes accessible/auditable. Claims, pricing, risk modeling, underwriting - we're in the early days of companies using ML for these tasks.
- phonon 6y agoThey've been doing it a long time... https://consumerfed.org/reports/low-ball-an-insiders-look-at-how-some-insurers-can-manipulate-computerized-systems-to-broadly-underpay-injury-claims/ https://consumerfed.org/reports/low-ball-an-insiders-look-at...